Opis:

Rare Investment, 7 Flats - Crossgates

** OFFERED FOR SALE, A RARELY AVAILABLE FULLY TENANTED BLOCK OF 7 FLATS WITHIN WALKING DISTANCE OF THE CENTRE OF CROSSGATES ON AUSTHORPE ROAD ** *** *** SOUGHT AFTER LOCATION *** *** LARGE TOTAL PLOT WITH POTENTIAL ***
A rarely available detached block of flats situated in Crossgates, East Leeds. The property is well situated to provide access to local shopping and transport amenities and is in a popular area for property rentals. The property features seven fully occupied flats. Boasting a generously sized plot, the property could potentially be re-developed in the future subject to planning consents and offers scope to increase the rental return based on further internal modernisation.

LOCATION
Situated in the popular residential area of Crossgates close to local amenities including Crossgates Shopping Centre, Train Station, motorway links and the Colton Retail Park.
TENANCY SCHEDULES

168 Austhorpe Road
FLAT 1 - One Bedroom - £450PCM (We have been informed this property is now on a rolling agreement to a long term tenant)
FLAT 2 - Two Bedroom - £550PCM (We have been informed this property is subject to an agreement ending 15/08/14 to a long term tenant)
FLAT 3 - One Bedroom - £400PCM (We have been informed this property is now on a rolling agreement to a tenant in occupation since 2012)

170 Austhorpe Road
FLAT 1 - One Bedroom - £450PCM (We have been informed this property is subject to an agreement ending 23/02/15 to a long term tenant)
FLAT 2 - One Bedroom - £395PCM (We have been informed this property is now on a rolling agreement to a tenant in occupation since 2013)
FLAT 3 - One Bedroom - £440PCM (We have been informed this property is now on a rolling agreement to a tenant in occupation since 2012)
FLAT 4 - Studio - £350PCM (We have been informed this property is subject to an agreement ending 23/07/14 to a long term tenant)

Total Current Annual Income
The property currently provides an annual combined rental of £36,420 based on the current tenancy agreements.

Development Potential - Large Vacant Basement area with potential for 2 self Contained 1 Bedroom Flats further increasing revenue. Large Car park to the rear of the property which could accommodate a block of flats or purpose built houses.

VIEWING & ENQUIRIES
Stoneacre Properties 0113 260 9111